Acquisitions in restaurant tech keep coming, HelloFresh is undeterred by Blue Apron's disastrous IPO, new hires, new grants for Danforth, and more in this week's brief.
Calyxt spun out from its parent company Cellectis to price an oversubscribed IPO at the bottom of the price range, while analysts remain concerned about gene editing regulation.
New Zealand in-field IoT provider CropLogic is set to go public on the Australian Stock Exchange while Japan’s Otsuka Pharmaceutical Co has acquired Canadian dairy-free, food company Daiya.
Blue Apron is the first meal kit company to IPO, with global competitors HelloFresh and SunBasket watching the outcome closely ahead of launching their own expected IPOs.
The high-cost of customer acquisition and a recent uptick in losses for the five-year-old food tech company could make the decision to list look precarious and spell bad news for competitors also considering listing.
A new investing and finance rule that will provide more opportunities for startups to attract early-stage capital and more options for investors to get involved in the space took effect last Friday.